Rush Enterprises, Inc. (NASDAQ:RUSHA) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in Rush Enterprises, Inc. (NASDAQ:RUSHA) by 35.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 468,855 shares of the company’s stock after purchasing an additional 121,577 shares during the period. Segall Bryant & Hamill LLC owned about 0.59% of Rush Enterprises worth $25,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dean Investment Associates LLC bought a new stake in Rush Enterprises in the third quarter valued at about $1,986,000. Global Alpha Capital Management Ltd. grew its position in shares of Rush Enterprises by 2.0% in the 4th quarter. Global Alpha Capital Management Ltd. now owns 789,190 shares of the company’s stock worth $43,240,000 after acquiring an additional 15,200 shares in the last quarter. Costello Asset Management INC increased its holdings in shares of Rush Enterprises by 3,793.9% in the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after acquiring an additional 41,733 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Rush Enterprises during the 3rd quarter valued at approximately $1,523,000. Finally, Tensile Capital Management LP bought a new position in Rush Enterprises during the third quarter worth $1,815,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rush Enterprises

In related news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now directly owns 15,771 shares in the company, valued at $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $56.43, for a total transaction of $634,837.50. Following the transaction, the senior vice president now directly owns 3,117 shares in the company, valued at approximately $175,892.31. The trade was a 78.30 % decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is currently owned by company insiders.

Rush Enterprises Stock Performance

Shares of NASDAQ RUSHA opened at $55.76 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 1.45 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $58.02 and its two-hundred day moving average price is $56.60. Rush Enterprises, Inc. has a 52-week low of $40.99 and a 52-week high of $65.43. The stock has a market capitalization of $4.42 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.04 and a beta of 1.06.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. As a group, sell-side analysts forecast that Rush Enterprises, Inc. will post 3.91 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 3rd were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.29%. Rush Enterprises’s dividend payout ratio is presently 19.30%.

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and set a $69.00 target price on shares of Rush Enterprises in a report on Wednesday, February 19th.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.